management

Meaning

1. Administration; the use of limited resources combined with forecasting, planning, leadership and execution skills to achieve predetermined specific goals.
2. The executives of an organisation, especially senior executives.
3. Judicious use of means to accomplish an end.

Pronounced as (IPA)

/ˈmænɪd͡ʒmənt/

Etymology

From manage + -ment.

Sentences

The national tour ended the following year as his management costs proved too expensive .

Passive recreation typically requires little management and can be provided at very low costs .